Payroll Processing

One of the many important tasks that a small business owner must manage is accounting. As Warren Buffett famously said, “You have to understand accounting, and you have to understand the nuances of accounting. It is the language of business.” Accounting is often referred to as the “language of business” because it provides a standardized…

It has repeatedly been said that employees are a company’s most important asset. As Sir Richard Branson, the English business magnate and founder of Virgin Group, stated, “Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” Taking care of employees requires paying…

 It has often been stated that a company’s most important asset is its employees. Therefore, it can easily be said that taking care of those employees ought to be the company’s first priority. Payroll is a key element of taking good care of employees. But what happens if employee payroll checks aren’t cashed?   What is…

Severance pay is a fact of life in business. According to the Society for Human Resource Management (SHRM), about 97 percent of U.S. businesses report that they offer some form of severance to their employees.  What is Severance Pay  Severance pay is compensation offered to employees who generally are being let go or laid off through no fault of…

Payroll is one of the most important responsibilities for business owners. Good payroll practices are essential to keep and motivate employees and to earn their continuing trust. Studies show that employees look forward to payday, even those employees who face no real payday “crunch.” Small business payroll mistakes can wreak havoc on good employee relationships, affecting a…